Posts Tagged ‘economy’

How big business, our ‘leaders’, and greed screwed us…

February 27, 2012

Inside Job is a 2010 documentary by Charles Ferguson that explores the causes of the 2008 financial meltdown.

You can watch it here http://www.theotherschoolofeconomics.org/?p=2499

It’s a bit long at one hour and forty eight minutes but well worth the time. I think what is most frightening, other than no one really accepted responsibility or was ever really prosecuted for it, is that the old boys network is alive and well. But what’s worse is that these jokers still expect us to ‘trust’ them and for us to give them our hard earned money (for those of us lucky enough to still have a job) so that they can continue to screw us. Talk about the fox guarding the hen house! Until there are some significant changes, I think that the ‘bank of my mattress’ is going to do remarkably well.

Advertisements

How’s that work again?

November 16, 2009

GM chief Fritz Henderson said the firm still had work to do but the results were evidence of a “solid foundation”.

This as it reported a loss of $1.2bn for the recent quarter.

On that basis, I don’t know why I even bother paying my mortgage!

No wonder we are struggling with the economy

November 6, 2009

I was just looking on eBay at some small electronic items (USB blue tooth adapter). I can get one from Hong Kong for 88 cents plus $1.99 shipping giving a grand total of $2.87 or I can get one from here in the USA (probably still made in China though) for $3.69 with ‘free’ shipping’.

So, which do you think is the better deal?

Seven Dollars and Sixty Nine Cents

February 17, 2009

That’s how much the $400 dollar per year (for two years) tax break from the stimulus package is going to put in my pocket each week!

I can hardly contain myself wondering what I’m going to do with it. Vacation, new car, fancy meal, new cloths.

Oh wait, it won’t do any of those. In fact it’s not enough to make one f***ing jot of difference to my life.

Real stimulating.

Spend, Spend, Spend…

December 21, 2008

I don’t know about you but when money gets a bit tight I cut back on my spending and try to make economies wherever I can. I’ll do without things and even try to save something so that I have a reserve.
Apparently this is all wrong. According to the government we should spend our way out of our financial situation. Something about this seems completely wrong to me. Isn’t that part of the reason we are in this mess right now?

It occurs to me that much of our government simply does not want to accept that we ALL have less money to spend. Instead, their solution to budget shortfalls is to simply increase taxes and fees.
Wow, it must be nice to be able to do that.